Sol's Razor 1.0 strategy (long put + long perps, delta neutral. Additional gamma scalping) has been running for two days. The results are mediocre.

IV is decreasing, causing a drawdown in strategy returns.

The good news is that RV is higher than IV, indicating that it is still suitable for continued scalping; let's run it for another two days to see the effect.

From the gamma ex perspective, it has already dropped below around 150, but there is significant price resistance here, and the fluctuations in price are being smoothed out.

Only a real breakthrough of this positive gamma area, or a complete drop to a new range, can break the current deadlock.

Without an increase in off-market liquidity, it is very difficult.

We can only hope that the market and the big players continue to go all in.

Good luck with the stablecoin bill, and good luck with Sol's micro strategy!